Cybersecurity asset management startup Axonius has raised $200 million in funding to accelerate its innovation and global expansion efforts. The platform offers a comprehensive system of records for digital infrastructure, allowing businesses to effectively secure and manage their connected devices.
Axonius: Revolutionizing Cybersecurity Asset Management
( Credit to: Siliconangle )
Axonius Inc., a leading cybersecurity asset management startup, has recently secured $200 million in funding to accelerate its innovation and global expansion efforts. With a strong emphasis on providing a comprehensive system of records for digital infrastructure, Axonius offers businesses a powerful platform to effectively secure and manage their connected devices.
Founded in 2017, Axonius has quickly gained recognition in the cybersecurity industry for its cutting-edge platform. By offering a unified, extensible, and open system, Axonius enables IT and security teams to gain visibility into their devices and efficiently manage and secure them.
Dean Sysman, co-founder and Chief Executive of Axonius, highlights the platform's ability to provide a comprehensive system of record for digital infrastructure. This empowers IT and security teams to swiftly respond to threats, manage risks, automate actions, and inform business-level strategies.
Simplifying Complexity: The Axonius Platform
Axonius' platform aims to simplify the complexity of managing cybersecurity assets by serving as a system of records for all digital infrastructure. It comprehensively understands and tracks all assets, including devices, identities, software, vulnerabilities, and security controls.
By establishing the context between these assets, Axonius enables customers to effectively mitigate threats, navigate risks, and reduce incident response time. The platform also automates manual and repetitive tasks, eliminating the need for tedious manual work.
With its ability to integrate information from networked devices and existing management services, Axonius provides a single environment for visibility and control. This allows IT and security operations teams to safely and efficiently manage device adoption and usage at scale. The platform also identifies surface instances without security system installations and detects other weak points, such as known software vulnerabilities or misconfigured security settings.
Strong Demand and Impressive Growth
Axonius has experienced strong demand for its platform, achieving over $100 million in annual recurring revenue in 2023. Its customer base includes more than a dozen Fortune 500 and global organizations, such as Schneider Electric, News Corp, Anheuser-Busch InBev, The New York Times, and Cimpress.
The company's success can be attributed to its ability to provide organizations with a powerful cybersecurity asset management platform that simplifies device management, enhances security, and mitigates risks. The continuous growth and expansion of Axonius reflect the value and demand for its platform in the cybersecurity market.
Securing Funding for Innovation and Global Expansion
Axonius recently secured $200 million in funding through a Series E extension, led by Accel and Lightspeed Venture Partners. This new investment brings Axonius' total funding to $595 million to date. Previous investors include Stripes Group, Bessemer Venture Partners, OpenView Venture Partners, Vertex, Silver Lake Waterman Fund, Alta Park Capital, and Owl Rock Capital.
The additional funding will fuel Axonius' ongoing innovation efforts and support its global expansion plans. The company aims to continue providing organizations worldwide with a powerful cybersecurity asset management platform that simplifies device management, enhances security, and mitigates risks.
